Prada Boost

ITALIAN label Prada has reported a first-half revenue rise of 29 per cent. Sales increased by 41 per cent to over £772 million over the past six months ending July 31.

The boost is thought to be credited to a substantial profit increase in the Far East where sales surged by 70 per cent. According to WWD, revenues in the US rose 41 per cent and 37 per cent in Europe.

The Prada Group is responsible for Miu Miu, Car Shoe and Church's brands. Last month it announced it was taking a three-year bank loan of £299 million to refinance a long-standing debt and propel the company's retail growth - READ THE FULL STORY HERE.